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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Tony Viola who wrote (40763)	12/13/2000 2:17:53 PM
From: 16yearcycle	Respond to of 70976

Collapsing from 6.5 billion this year. I just shorted NVLS, too, but I am long the same amount of nvls shares that I shorted. Translation: I expect volatility. As Gottfried has shown repeatedly, if I interpret him fairly, the equips tend to not bounce back until the orders bottom. We may have a ways to go, even though it seems impossible. Frankly, I am disregarding all of that and shorting down to when amat hits the 200 week ma, which it has done the past 4 bottoms, and then I am going long, although it will probably go lower and be dead money for a few months.

To: Tony Viola who wrote (40763)	12/13/2000 2:19:07 PM
From: Gary Ng	Read Replies (4) \| Respond to of 70976

Tony, Re: Collapsing from what? As I recall, they haven't yet announced 2001 capex spending estimates I believe they talked about that during the quarterly report which was about 6.5B. In the last CC, they mentioned that they have effectively pull in 500M because the vendor can delivery now which are supposed to be in 2001, it seems that it will at least revised to 6M and for the latest postpone of the plant in Ireland, that may be another few hundred millions. gary